The Argentina food acidulants market is projected to grow at a CAGR of 1.8% during the forecast period 2020 - 2025.
The market is majorly driven by the wide scope of its application in most of the food and beverage industries such as bakery, confectionery, dairy, meat industry, and beverage industries, coupled with the range of functional benefits that help to preserve food for a prolonged period of time. It is also used as a flavoring agent, chelating agent, buffer, gelling agent and coagulating agent, thus boosting its usage in the food and beverage sector.
Furthermore, increasing convenience food product demand is likely to have a noticeable impact on the growth of the food acidulants market in Argentina over the forecast period 2020-2025. Thus, in addition to the launch of new processed foods increases, the opportunities for the acidulants market also increases.
Key Market Trends
Rising Demand for Citric Acid as an Acidulant
The demand for citric acid as an acidulant has been witnessed to increase significantly in the Argentina acidulant market. The major advantages of citric acid, as an acidulant, are its high solubility in water, the appealing effects on food flavor, and its potent metal-chelating action. Moreover, the trend of preference shift towards clean label ingredients in the country is expected to boost the requirement of natural and bio-based ingredients in the near future, thus providing scope for the consumption of natural acidulant materials to a considerable extent over the forecast period. Furthermore, the affordable prices of citric acid allow the manufacturers to use it efficiently in the manufacturing of food and beverages. However, due to the lack of production of citric acid in the country, the import value of citric acid is relatively high in the country. For instance, according to UN Comtrade, the import value of citric acid in 2018 was USD 30,645 million, with an imported quantity of approximately 32,715 tons in Argentina.
Acquisitive Demand of Food Acidulant in Bakery & Confectionery Industries
Acidulants are used in the bakery and confectionery industries to impart sour taste, adjusting the pH, enhancing and modifying the flavors and sweetness of sugars, performing leavening functions in baked goods, controlling gel formation and maintaining the viscosity of confections and gelatine desserts, etc. The advancement in the bakery and confectionery industry dedicated to health-oriented consumers with the development of low-calorie, organic products are gaining a large number of consumer base supplementing the growth of additives market including food acidulants. Thus, due to the increasingly busy lifestyles, the consumers are more inclined towards processed foods, such as baked and confectionery goods, which, in turn, accelerates the growth of the food acidulants market during the forecast period.
Competitive Landscape
The Argentina food acidulant market is consolidated in nature owing to the presence of comparatively less number of regional and domestic players. However, the emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the county's market include Tate & Lyle PLC, Corbion, Helm AG, Eltee International, and Brenntag AG, among others.
Reasons to Purchase this report:
This product will be delivered within 2 business days.
The market is majorly driven by the wide scope of its application in most of the food and beverage industries such as bakery, confectionery, dairy, meat industry, and beverage industries, coupled with the range of functional benefits that help to preserve food for a prolonged period of time. It is also used as a flavoring agent, chelating agent, buffer, gelling agent and coagulating agent, thus boosting its usage in the food and beverage sector.
Furthermore, increasing convenience food product demand is likely to have a noticeable impact on the growth of the food acidulants market in Argentina over the forecast period 2020-2025. Thus, in addition to the launch of new processed foods increases, the opportunities for the acidulants market also increases.
Key Market Trends
Rising Demand for Citric Acid as an Acidulant
The demand for citric acid as an acidulant has been witnessed to increase significantly in the Argentina acidulant market. The major advantages of citric acid, as an acidulant, are its high solubility in water, the appealing effects on food flavor, and its potent metal-chelating action. Moreover, the trend of preference shift towards clean label ingredients in the country is expected to boost the requirement of natural and bio-based ingredients in the near future, thus providing scope for the consumption of natural acidulant materials to a considerable extent over the forecast period. Furthermore, the affordable prices of citric acid allow the manufacturers to use it efficiently in the manufacturing of food and beverages. However, due to the lack of production of citric acid in the country, the import value of citric acid is relatively high in the country. For instance, according to UN Comtrade, the import value of citric acid in 2018 was USD 30,645 million, with an imported quantity of approximately 32,715 tons in Argentina.
Acquisitive Demand of Food Acidulant in Bakery & Confectionery Industries
Acidulants are used in the bakery and confectionery industries to impart sour taste, adjusting the pH, enhancing and modifying the flavors and sweetness of sugars, performing leavening functions in baked goods, controlling gel formation and maintaining the viscosity of confections and gelatine desserts, etc. The advancement in the bakery and confectionery industry dedicated to health-oriented consumers with the development of low-calorie, organic products are gaining a large number of consumer base supplementing the growth of additives market including food acidulants. Thus, due to the increasingly busy lifestyles, the consumers are more inclined towards processed foods, such as baked and confectionery goods, which, in turn, accelerates the growth of the food acidulants market during the forecast period.
Competitive Landscape
The Argentina food acidulant market is consolidated in nature owing to the presence of comparatively less number of regional and domestic players. However, the emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the county's market include Tate & Lyle PLC, Corbion, Helm AG, Eltee International, and Brenntag AG, among others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Tate & Lyle PLC
- Corbion
- Helm AG
- Eltee International
- Brenntag AG
- Biosystems S.A.
Methodology
LOADING...
